BCV vs TE: Correlation
Bancroft Fund, Ltd. (BCV) and T1 Energy Inc. (TE) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and TE?
Across a 3-year window, the weekly returns of BCV and TE correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1015.7 %².
Among the 20 assets we track against BCV, TE ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TE outperformed by 185.6 percentage points (+28.3% for BCV against +213.9% for TE). Risk is not evenly split, since TE carries 7.3 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BCV vs TE: side by side
| BCV (Bancroft Fund, Ltd.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | +28.3% | +213.9% |
| 5-year return | +22.7% | -44.5% |
| Volatility (ann.) | 17.6% | 127.8% |
| Beta vs S&P 500 | 0.68 | 2.71 |
| Max drawdown (3Y) | -14.6% | -85.5% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 5.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | TE |
|---|---|---|
| 2022 | -33.7% | -22.4% |
| 2023 | +5.6% | -78.5% |
| 2024 | +19.8% | +38.0% |
| 2025 | +33.4% | +158.9% |
| 2026 | +16.1% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and TE good diversifiers for each other?
Reasonably. At 0.45, BCV and TE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCV and TE?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.43 over the last year and 0.42 over 5 years.
Is TE a good diversifier for BCV?
Reasonably. At 0.45, BCV and TE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcv-vs-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcv-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCV correlations · TE correlations
